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- Tasks: Review client processes to identify risks and improve efficiency in insurance products.
- Company: Join a vibrant UK insurtech scale-up with exciting growth plans after securing Series A funding.
- Benefits: Enjoy opportunities for advanced qualifications and skills development in a dynamic environment.
- Why this job: Be part of a cutting-edge team shaping the future of insurance with innovative solutions.
- Qualifications: BSc or MSc in analytical subjects; insurance experience preferred but not essential.
- Other info: Work with Agile methodologies and gain exposure to product development and project management.
The predicted salary is between 36000 - 60000 £ per year.
My client is a vibrant scale-up who have just secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Business Analyst with plenty of experience in the insurance space to help them develop their two key products.
Summary of role:
The Business Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide the most efficient solution. This role will work in the General Insurance space, specifically helping them to develop their product.
Experience of:
- BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
- Insurance - either in an underwriting, actuarial or systems capacity would be beneficial
- Prefer London Market experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities but not necessary
- Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
- Insurance pricing model techniques
- Experience in Word and Powerpoint
- R or Python experience beneficial but not required
- Client requirement gathering exercises such as 1 to 1 meetings and workshops
- Experience creating specifications and using advanced specification techniques including various technical diagrams required for software builds
- Experience and knowledge of Behaviour-Driven Development (BDD) in Gherkin syntax
- Solid Agile BA experience
- Product development and the life cycle of a software product
- Project planning software such as TeamGantt
- Ticket tracking software such as JIRA and Agile workflows
Additional skills and qualifications you will develop as a Business Analyst and into future roles:
- Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
- Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
- Client/project management skills required to keep clients happy and projects on track
- Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
- Advanced product/project management skills based on the path taken
Pricing / Reinsurance Business Analyst - Leading UK Insurtech . employer: The Workplace Consultancy
Contact Detail:
The Workplace Consultancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing / Reinsurance Business Analyst - Leading UK Insurtech .
✨Tip Number 1
Familiarise yourself with the latest trends in the insurance sector, especially in the UK market. Understanding the current challenges and innovations can help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the insurance and insurtech industries. Attend relevant meetups or webinars to connect with potential colleagues and learn more about the company culture at StudySmarter.
✨Tip Number 3
Brush up on your technical skills, particularly in MS Excel and any programming languages like R or Python. Being able to demonstrate your analytical capabilities will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with Agile methodologies and Behaviour-Driven Development (BDD). Be ready to share specific examples of how you've applied these techniques in past projects.
We think you need these skills to ace Pricing / Reinsurance Business Analyst - Leading UK Insurtech .
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly any roles related to underwriting, actuarial work, or systems. Emphasise your analytical skills and any specific projects that align with the job description.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with insurance pricing models and any familiarity with Agile methodologies. Be sure to connect your background to the specific requirements outlined in the job description.
Showcase Technical Skills: Highlight your advanced knowledge of MS Excel, including VBA and User Defined Functions. If you have experience with R or Python, mention it as well, even if it's not required. This will demonstrate your technical proficiency and ability to contribute to product development.
Prepare for Client Interaction: Since the role involves client requirement gathering, prepare examples of how you've successfully managed client relationships in the past. Discuss your experience running meetings and workshops, and how you've gathered and translated client needs into actionable specifications.
How to prepare for a job interview at The Workplace Consultancy
✨Showcase Your Analytical Skills
As a Business Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've identified operational or financial risks in previous roles and the solutions you implemented. This will demonstrate your ability to add value to their team.
✨Familiarise Yourself with Insurance Terminology
Since the role is within the insurance sector, brush up on relevant terminology and concepts, especially those related to pricing models and underwriting. This knowledge will help you communicate effectively and show that you're serious about the industry.
✨Prepare for Technical Questions
Expect questions about your experience with tools like MS Excel, JIRA, and any programming languages you know, such as R or Python. Be ready to explain how you've used these tools in past projects, particularly in relation to data analysis and project management.
✨Demonstrate Agile Methodology Understanding
Since the company values Agile practices, be prepared to discuss your experience with Agile workflows and Behaviour-Driven Development (BDD). Share examples of how you've contributed to Agile teams and how it has improved project outcomes.
